A Totally New 5-Point Pattern

The book is in PDF.

Critical element number one of the plan for a trade is the potential trade area. This book is more than just a book with a new pattern. Two brand new numbers are introduced in the book. Jim worked for four years on the Kane Trading methodology, which was mentioned in the free article. They are the basis for the new pattern, but also have other uses. The Kane Trading methodology is laid out in the other books, and the book shows how critical the numbers are to the process. The book makes a case that the two non-fibonacci-derived numbers that so many use are not valid, and that the new numbers are the true numbers for that area. The book explores the Kane Trading concepts of harmony and support and resistance. This is the basis of the material in Advanced Fibonacci Trading Concepts, but it may not have been explained well in the book. The issue is fixed in this book. There are three numbers that were left out of the book that have additional work done on them. This isn’t just mathematics for the sake of fun with numbers, it’s material that has been requested, time and again, since Advanced Fibonacci Trading Concepts was released. It is material that has practical significance to any trading plan, and the reasoning behind that is explained very clearly. Many new pattern concepts that have never been discussed before are covered in the book. The idea of the pattern stretch concept aids in the visualization and understanding of how the patterns relate to each other. Many new mathematical and geometric aspects of the 5-point pattern structure are explored in the book. Tables designed for ease of use in applying the material to actual pattern setup construction summarize the discoveries and conclusions of this work. There is a chapter titled Pattern Structure in the book that continues on with the work done in Multiple Timeframes and Context. This chapter contains the latest information on Kane Trading’s 5-point patterns and trading them. Like the entire book, it emphasizes the patterns in the context of using them for real trading. The latest ideas about the patterns, their structure, their tendencies in real trading situations, and so on are included. In the opinion of the author, this book is the most advanced, cutting edge, innovative, and yet still practical book out there right now on the topic of a Fibonacci-based trading plan.

The book level is advanced. 182 pages, including front matter, 113 charts, 7 diagrams, 4 tables.

Prerequisites include Advanced Fibonacci Trading Concepts, Entry Techniques, Trading ABCD Patterns, Trailing Stops, and Multiple Timeframes. To fully understand the concepts outlined in this book, the reader needs to be fully versed in 5-point pattern structure and labeling, as well as in the application and trading of these patterns. Before reading A Totally New 5-Point Pattern, you must read the listed books. The Kane Trading techniques developed in the prerequisites are very specific to this book.

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